CIMB eyes doubling Singapore SME banking share by 2021

Singapore

CIMB Bank is looking to power up its small- and medium-sized enterprise (SME) banking business in Singapore, with plans to double its market share from 3 per cent to 6 per cent by 2021.

The Malaysia-headquartered bank, which is relatively new in the SME space here with 10 years of history, believes that there is still room for a smaller player, even in an extremely competitive SME banking landscape.